Signaturefd LLC Sells 564 Shares of KB Financial Group Inc. (NYSE:KB)

Signaturefd LLC reduced its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,158 shares of the bank’s stock after selling 564 shares during the period. Signaturefd LLC’s holdings in KB Financial Group were worth $1,165,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in KB Financial Group by 2.0% during the first quarter. JPMorgan Chase & Co. now owns 18,979 shares of the bank’s stock worth $927,000 after purchasing an additional 378 shares during the period. BlackRock Inc. boosted its stake in KB Financial Group by 1.7% during the first quarter. BlackRock Inc. now owns 1,419,748 shares of the bank’s stock worth $69,327,000 after acquiring an additional 23,138 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in KB Financial Group by 19.4% in the first quarter. Allianz Asset Management GmbH now owns 18,669 shares of the bank’s stock worth $911,000 after purchasing an additional 3,032 shares during the period. Sequoia Financial Advisors LLC increased its stake in KB Financial Group by 57.9% in the first quarter. Sequoia Financial Advisors LLC now owns 8,795 shares of the bank’s stock valued at $429,000 after purchasing an additional 3,225 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its stake in KB Financial Group by 17.5% in the first quarter. Royal London Asset Management Ltd. now owns 720,294 shares of the bank’s stock valued at $35,226,000 after purchasing an additional 107,023 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 13th.

KB Financial Group Stock Up 0.8 %

Shares of NYSE:KB opened at $46.24 on Monday. The firm has a market cap of $18.66 billion, a P/E ratio of 5.24, a PEG ratio of 0.37 and a beta of 1.03. KB Financial Group Inc. has a 52-week low of $35.20 and a 52-week high of $58.52. The business’s 50 day simple moving average is $51.02 and its two-hundred day simple moving average is $44.41. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.69 and a current ratio of 1.67.

KB Financial Group (NYSE:KB) last issued its earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.21). The firm had revenue of $3.54 billion during the quarter. KB Financial Group had a return on equity of 7.72% and a net margin of 12.94%. As a group, research analysts forecast that KB Financial Group Inc. will post 9.18 EPS for the current fiscal year.

KB Financial Group Profile

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.